Review on Neraex by Vincent Michael
Neraex started fake and ended fake.
Neraex is a centralised cryptocurrency exchange that was a great form of trading in the Japanese time which they traded with the exchange as one of the best project ever developed in the Japan history. The exchange supported many cryptocurrency and gave users the best trading features they can ever get. The major problem with this Exchange is it transaction fees which I believe that's where the major problem of this Exchange started from. The security support was also alterd and it became an environment for dangerous traders. The exchange was also charging users excessively, at that time the amount of people using the exchange reduce drastically and the developers have a bad view about the exchange, there was nothing done by them to fix the problem and continue facilitating the Exchange. The Exchange was seriously attacked by hackers and soo many users who used this Exchange lost most of their fund's. They allowed foreign traders to use their platform and most of this people don't use an exchange to trade but to access their security code and steal from them and making a bad name out of an exchange platform. The exchange had no inpact in developing the funds of cryptocurrency users it was currently shutdown by the developers, many people had a very bad view about the exchange platform and the amount of people who knew tha Exchange was not much I think this added to the stress of this Exchange. It is now out of use, trader's should no about the recent
Pros
- Provided soft transaction method when it was established.
Cons
- The transaction fees where unbearable by user's
- The security wasn't strong to support the safety of cryptocurrency
- Many people don't know an exchange existed because it lacks proper development features or was not recognize by other Exchange platforms.
